Post Utme Joseph Ayo Babalola University 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2023 shows the following: Sales (₦1,200,000), Returns Outwards (₦20,000), Purchases (₦900,000), and Returns Inwards (₦15,000). Calculate the Gross Profit.

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

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